traded from Harbor Group International (HGI) to HSBC and Edge Fund Advisors for $270mm. That's a great return for HGI who bought it as part of a sale-leaseback from JPMorgan in January 2010 for $107mm, although they did do some work to boost occupancy during that time.
The 2010 transaction was funded with a $72.6mm mortgage that comprises 24% of the RBSCF 2010-MB1 deal, which will be defeased. The new purchase is funded with a $154mm 5-year mortgage from MetLife according to an update out from Nomura. This is the first defeasance from a CMBS 2.0 deal.
CoStar's People of Note (May 19 - 25)
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